Settings8H · net · $10k
Funding arb · Price arb /

COMP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit−0.030%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$1991.991% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.050%+$5 · spread now −0.030%, 7d avg +0.048%
Together, before fees+0.050%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.078% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit COMPUSDT22.6100.0100pay 0.0100% / 8h6h 53m$3.8M$1.9M75x
ShortHyperliquid COMP22.6030.0100get 0.0013% / 1h53m 13s$865K$418K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.030% → +0.048%
−$7.77
Slippage, 4 orders
−$179.12
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$206.89
Costs to cover
1.991%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 67 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago4.41 bp32.0 bp −$3283.5 bp −$835doesn't fitdoesn't fit
Sell Hyperliquid live order book, 67 min ago1.10 bp76.7 bp −$77doesn't fitdoesn't fitdoesn't fit

COMP on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit COMP_USDC-PERPETUAL−0.0634%1h22.600−0.044%$330$32750xas long as short
Kraken Futures PF_COMPUSD−0.0624%1h22.643+0.147%$227K$90K20xas long as short
dYdX COMP-USD0.0000%1h22.586−0.104%$68K5xas long as short
Injective COMP/USDC PERP+0.0033%1h22.340−1.194%$2K$13K12xas long as short
Hyperliquid COMPshort+0.0100%1h22.603−0.030%$865K$418K5x
Binance COMPUSDT+0.0100%8h22.6100.000%$4.3M$6.8M75xas long as short
Bybit COMPUSDTlong+0.0100%8h22.610long leg$3.8M$1.9M75x
OKX COMP-USDT-SWAP+0.0100%8h22.600−0.044%$1.6M$2.1M20xas long as short
Gate COMP_USDT+0.0100%8h22.540−0.310%$219K$53K25xas long as short
MEXC COMP_USDT+0.0100%8h22.600−0.044%$2.6M$814K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin COMPUSDTM+0.0100%8h22.6100.000%$454K$92K30xas long as short
Bitget COMPUSDT+0.0100%8h22.590−0.088%$1.9M$614K75xas long as short
BingX COMP-USDT+0.0100%8h22.600−0.044%$34.7Mas long as short
Variational Omni COMP+0.0100%8h22.591−0.082%$15K$31Kas long as short
BloFin COMP-USDT+0.0105%8h22.560−0.221%$240K$158K20xas long as short
Coinbase International COMP-PERP-INTX+0.0232%1h22.930+1.415%$18K$46K25xas long as short